PEOPLE AND NATURE
Nature-positive for Climate Action: Science-based targets to achieve climate-positive transition
Context and challenges
~50% of GDP is dependent on nature and ecosystems, yet these have degraded at an unprecedented rate, leading to the 6th mass extinction.
Nature-based solutions could provide up to one-third of the mitigations required by 2030 to meet the Paris Agreement, as well as restore ecosystems which will increase resilience against global warming’s consequences.
It represents USD 10 Tn in business opportunities and a potential to create ~400 Mn new jobs by 2030.
Achieving this will require tripling related investments by 2030 to USD ~48 Bn.
This initiative proposes the following commitments:
For all non-state actors: Disclose climate and nature-related risks on their activities,, opportunities and dependencies with TCFD and TNFD
For financial institutions:
- Follow the Accountability Framework Initiative
- Increase investment in Nature-based Solutions to help close the yearly USD 484 Bn funding gap required by 2030
For other businesses:
- Integrate nature as a category into their climate transition plans in line with the nature leadership practices of Race to Zero
- Set science-based targets for climate & nature and disclose yearly progress against targets
Commitments from Business & Philanthropy
Sign the financial commitment letter on eliminating commodity-driven deforestation: Finance Sector Deforestation Action
Take climate action with science-based emissions reduction target using SBTi and Forest, Land and Agriculture (FLAG) guidance.
Join the Science-Based Targets Network (SBTN) Corporate Engagement Program
How to get involved?
Source: Nature Positive for Climate Action